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this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reag
this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can...
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that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans. president went out and campaigned. he hammered republicans beginning in the fall of 2011. he won the election and he was trying to keep the pressure on to
that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house...
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right to work law in michigan. that is the union paradise. let's bring in robert costa who by the way is the newly reported national review editor. congrats on your promotion. i wanted to ask you. if it could happen in michigan a right to work law that gives individuals real choice where next? >> look republicans had a horrible 2012 but they still hold seats. they have an appetite for having labor fights. you are going to see them go into pennsylvania. it could happen. a lot of governors are going to start looking at their own states. does this slow that down? does it remind mr. obama and his left of center allies what happened in wisconsin they tried to recall the governor and it didn't work. and now it is spreading to michigan. does it have political implications in dc? sure. that is the big story right now. he has spoken to the workers protesting in the streets. this is the second term battle. how he is going to stand with the unions. go after them. how dbig a force are they going to be on the national stage? >> you are going to see them r
right to work law in michigan. that is the union paradise. let's bring in robert costa who by the way is the newly reported national review editor. congrats on your promotion. i wanted to ask you. if it could happen in michigan a right to work law that gives individuals real choice where next? >> look republicans had a horrible 2012 but they still hold seats. they have an appetite for having labor fights. you are going to see them go into pennsylvania. it could happen. a lot of governors...
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>>> incredible scenes out of lansing, michigan. earlier today the michigan legislature passed the right to work bill essentially ending mandatory union payments all in a state that gave birth to u affi aw. goes to members desk. live in lansing, joe. >> reporter: well, it got ugly here a little while ago. the demonstrators parked in front of the capital most of the day. this is the scene just outside the capital across the street and in front of the governor's office. massive state police troopers have tried to force the crowd north down the streets to try to get them from the front of the governor's office. we understand the governor is going to sign this legislation any minute now or any time this afternoon. as can you see there's a very, very large standoff, if you will, right now, both front and back of us of supporters of organized labor in the state of michigan and elsewhere, as well as michigan state police trooper trying to keep some sort of semblance of order here. again, the house in michigan passed legislation earlier tod
>>> incredible scenes out of lansing, michigan. earlier today the michigan legislature passed the right to work bill essentially ending mandatory union payments all in a state that gave birth to u affi aw. goes to members desk. live in lansing, joe. >> reporter: well, it got ugly here a little while ago. the demonstrators parked in front of the capital most of the day. this is the scene just outside the capital across the street and in front of the governor's office. massive...
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nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state in the country, joining a lot of others where the gop has majority in the state legislatures. now, a lot of these workers today were dismayed at the timing of all of this. this is taking place during a lame duck session of the legislature when a new body is being sworn in here, and in a month's time it's going to have a few more democrats than we saw here today, so when i sat down with the governor this afternoon i asked him why not delay this just a little bit longer, let a new body come in and give workers and people around the state of michigan more opportunity to debate this issue. he says it was not going to go away, that it doesn't make any sense to allow this debate to continue, that
nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state in the country, joining a lot of others where the gop has majority in the state...
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the michigan senate just followed the statehouse and has now passed a bill to make michigan a right-to-work state. the vote was 22-10-16, if i have that right. just minutes ago on this program, governor reiick snyder said he would sign the bill. now that it's passed, looks like it's going to happen. imagine that. the union workers' paradise going right to work. >>> residents of the los angeles area seniors complex are up in arms over the owner's order to take down the christmas tree because they're religious symbols. the company's owned the complex for four years and won't comment about the order. people who live there a while say this has never happened before. we say, drop the ban and light up that tree and the minoras. let there be no secular tyranny. by the way, they are christmas trees. don't forget that. >>> for a moment, forget about the fiscal cliff. the u.s. is already in a recession and has been since july, according to my next guest. here now with details on this recession call is lakshman achuthan, the distinguished co-founder and chief operating officer of the economic cycle re
the michigan senate just followed the statehouse and has now passed a bill to make michigan a right-to-work state. the vote was 22-10-16, if i have that right. just minutes ago on this program, governor reiick snyder said he would sign the bill. now that it's passed, looks like it's going to happen. imagine that. the union workers' paradise going right to work. >>> residents of the los angeles area seniors complex are up in arms over the owner's order to take down the christmas tree...
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traveled to michigan yesterday. john boehner went on the floor and said i need to see their spending cuts. that's what's going on in the public level. privately staff are working together and the fundamentals remain in place for a deal. don't know if it's before or after christmas or before new years or just after it, but i believe will happen. >> all the vacations are planned, right? >> we've reached one of the weirdest days because speaker boehner came out and said the president has not offered specific spending cuts and the president says we've offered spending cuts and it's gotten to this point of childish points and these guys are saying did not and these guys are saying did, too, and these guys again saying did not. i agree with john. they need to get really close then because then there's a sense of urgency and that's what they feel like they can get the votes to get this done right up to the edge of disaster. >> it's not he said, she said. they have put out spending cuts. >> $600 billion that the president t
traveled to michigan yesterday. john boehner went on the floor and said i need to see their spending cuts. that's what's going on in the public level. privately staff are working together and the fundamentals remain in place for a deal. don't know if it's before or after christmas or before new years or just after it, but i believe will happen. >> all the vacations are planned, right? >> we've reached one of the weirdest days because speaker boehner came out and said the president...
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the right-to-work law gets passed in michigan. hostess liquidates its brands after a battle with its unions leaving 18,000 without a job and now the show may not go on for some theaters on broadway as union members are authorizing a stray. just about 12% of all workers belong to a union in had country today, 12%. it's leading some to wonder does it pay to become a union member anymore. justin wills ops of the center for union facts says the union label is toxic to the label and our other guest takes a different view. justin, you say the union brand is toxic to many workers and companies. make the case. >> got to a point where the modern unionizing schemes unions doesn't call themselves unions anymore. in the case of new york city they launched a campaign to try to unionize the fast food restaurant. they didn't call it the fast food restaurant unsions, they called it fast food forward. at this point i think unions are finally realizing that their brand is so toxic that they actually need to start rebranding themselves because frank
the right-to-work law gets passed in michigan. hostess liquidates its brands after a battle with its unions leaving 18,000 without a job and now the show may not go on for some theaters on broadway as union members are authorizing a stray. just about 12% of all workers belong to a union in had country today, 12%. it's leading some to wonder does it pay to become a union member anymore. justin wills ops of the center for union facts says the union label is toxic to the label and our other guest...
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. >>> a major investment in michigan, that story next, and more from our guest host who is once, twice, three times a bank ceo. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "squawk box." dow looks like it would open 25 points higher, up almost two points, the nasdaq a little over close to two and a half points. making headlines, ford plans to invest more than $773 million in new equipment and capacity expansion across six plants in southeast michigan. the automaker has committed to invest $6.2 billion in u.s. plants by 2015 as part of an agreement with the uaw. >>> coming up, our guest host this morning has been john can his, chairman and ceo of bank united. we are going to give him the last word. easy like sunday morning when "squawk" returns. ...so as you s customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so
. >>> a major investment in michigan, that story next, and more from our guest host who is once, twice, three times a bank ceo. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "squawk box." dow looks like it would open 25 points higher, up almost two points, the nasdaq...
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it's about the foworkers of michigan. they work hard to provide for their families and grow our great state. it's clear they are focused on politics. we're focused on the hard-working men and women who make our state so great. >> what i gather from news reports -- tell me if this isn't right. the teachers union is boycotting and starting to close schools tomorrow in protest. that sort of thing happens, they ought to get fired. first of all, is it true? are they going to boycott school days and hurt the kids? >> we are seeing kids closed because teachers are calling in. it's unfortunate. they need to put kids first. we need to put our future first. that's what the law does. if we get to the debate on the issue, we're asking to give workers the choice so they can make the decision about which organizations they want to join and which they don't want to join. unfortunately a lot of politics get drug in. the issue gets put aside. unfortunately politics demonstrates -- just takes over the issue. we're not going to let it happe
it's about the foworkers of michigan. they work hard to provide for their families and grow our great state. it's clear they are focused on politics. we're focused on the hard-working men and women who make our state so great. >> what i gather from news reports -- tell me if this isn't right. the teachers union is boycotting and starting to close schools tomorrow in protest. that sort of thing happens, they ought to get fired. first of all, is it true? are they going to boycott school...
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the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work state. that's going to have a big impact down the road. >> i like that. i like the failure idea. free market capitalism is about success and failure. and as the great free market capitalist nobel prize winner wrote, of the two, doc, sometimes failure teaches us more than success. i like your point very, very much. all right. doc thompson coming out of detroit, thanks very much. >>> now let's talk about the cuts plan for the federal workforce. with the countdown to the fiscal cliff at 24 days, the "washington post" reporting today that federal agencies are sharpening their plans before spending cuts, layoffs, fur lows and just general old down sizing. all if president obama fails to strike a deal, which i believe is increasingly likely. let's brung in distinguished fellow at the heritage foundation, form congressman old friend. ernie, i'm not shedding any tears over this. i think these fur lows and layoffs and downsizing is just what they need. >> i understand that the
the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work state. that's going to have a big impact down the road. >> i like that. i like the failure idea. free market capitalism is about success and failure. and as the great free market capitalist nobel prize winner wrote, of the two, doc, sometimes failure teaches us more than success. i like your point very, very much. all right. doc thompson coming out of detroit, thanks...
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that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't the unionsing putting out a proposition that workers want to join a union? and shouldn't workers feel free to make that choice to say their dollars are going to the union or not based on they feel they're getting results? so that's what this is really doing. so that's why i view this as pro-worker, not anti-union. >> the right-to-work clause regarded as a big blow to organized labor which has seen membership decline across the country. down to private sector 7%. >> you think overall, isn't it, 7%? more than 50% of those work for the government. >> 7% and more than that if you go up, like -- i think it's 16% if you include -- 13 if you include public, which is -- where it is. a contentious issue. they point to what happened in i
that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't the unionsing putting out a proposition that workers want to join a union? and shouldn't workers feel free to make that choice to say their dollars are going to the union...
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. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both workers and companies. we'll tell you all about it. stay with us. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great
. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both workers and companies. we'll tell you all about it. stay with us. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl?...
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. >> meantime, tensions boiling over in michigan. big labor unleashing its fury as the governor writes a right to work legislation into law. a live report from there next. goldman sachs ceo live from the deal book conference in a cnbc exclusive. what's his take on the fiscal cliff, the economy and regulatory land scape. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >> meantime, tensions boiling regulatory landscape. >>> welcome back. i wanted to take a look at shares of berkshire hathaway. earlier, right at the open, berkshire shares were halted. it was unclear why. then we got the news, a significant repurchase of -- or purchase, i should sa
. >> meantime, tensions boiling over in michigan. big labor unleashing its fury as the governor writes a right to work legislation into law. a live report from there next. goldman sachs ceo live from the deal book conference in a cnbc exclusive. what's his take on the fiscal cliff, the economy and regulatory land scape. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and...
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bean. >>> want to take you to lansing, michigan. this video shot a few moments ago where the state legislature is considering making michigan the 24th right to work state. basically restricting unions in what is obviously a stronghold of organized labor. this is the scene outside the capitol which has already been closed because it was filled to capacity. an estimated 10,000 people demonstrating outside where it's about 25 degrees. also several school districts in michigan have been closed as the teachers there have gone to lansing to join the rallies. quite a scene today in michigan. >>> meantime, time for a capital markets op-ed. gary, we mentioned madoff. it's hard to believe it's been four years. >> as a matter of fact, david and i were just talking about it offset. it was 3:00 four years ago today. i got a phone call. you're not going to believe this. they finally got madoff. faber and i had been chatting about it probably for close to a decade. remember, within the industry, the numbers, the performance, this was something tha
bean. >>> want to take you to lansing, michigan. this video shot a few moments ago where the state legislature is considering making michigan the 24th right to work state. basically restricting unions in what is obviously a stronghold of organized labor. this is the scene outside the capitol which has already been closed because it was filled to capacity. an estimated 10,000 people demonstrating outside where it's about 25 degrees. also several school districts in michigan have been...
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was there any effort by the nlrb to interfere with the michigan right to work election allowing workers to decide their own paycheck? any interference by the nlrb for an election that went against unions? >> at this point, we don't see any. but what we do see is this board has been biased in favor of, if you want to union yize they're r you, if not, they're on the other side. and that's part of president obama's -- he doesn't apologize for it -- his pro-union agenda. but it's one of the reasons these right to work states continue to be voted. in fact, an open shop state is a state that's more attractive to business investment. >> sure, absolutely. chairman darrell issa, we preer appreciate your work on this particular investigation. thanks for coming back on the show. >> anytime. >>> switching gears now, portions of the accountability report on benghazi will be released to the public on wednesday, a day ahead of hearings on the raid that took the lives of ambassador chris stevens and three other americans. secretary of state clinton was given the report today but she won't testify thurs
was there any effort by the nlrb to interfere with the michigan right to work election allowing workers to decide their own paycheck? any interference by the nlrb for an election that went against unions? >> at this point, we don't see any. but what we do see is this board has been biased in favor of, if you want to union yize they're r you, if not, they're on the other side. and that's part of president obama's -- he doesn't apologize for it -- his pro-union agenda. but it's one of the...
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it is good to see everybody in the great state of michigan. [ cheers and applause ] >> few people i want it acknowledge. the mayor of detroit is in the house. >> tracy schultz. we've got -- >> the daimler plant. let's get on the dsk settlement. jackie at hq, what are we learning? >> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will bring you more as soon as we have it. thank you. back to you. >> thank you, jackie. >>> up next, is the apple growth story over? >> and sale fail. why does jc penney keep changing its strategy? ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. enjoy free shipping and great values sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. hav
it is good to see everybody in the great state of michigan. [ cheers and applause ] >> few people i want it acknowledge. the mayor of detroit is in the house. >> tracy schultz. we've got -- >> the daimler plant. let's get on the dsk settlement. jackie at hq, what are we learning? >> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will...
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on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to get junior this gift? >> everything we talked about is how consumers were still hanging in. but it's two-thirds of the economy. >> a couple weeks ago, consumers and businesses alike weren't really investing. they were only spending exactly what they had to to sort of get themselves to the end of the year and that any longer-term investment really wasn't happening. they were putting it on hold. >> where are you on the aussie discharge? >> oh, no. >> the ones who called up and crank called -- >> well, i do believe that, you know, they had to think that they weren't going to get through. i made a prank c
on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to...
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northern michigan, he could see fairly significant snow, some places up to a foot or so. but that snow, that system which means so much to millions of americans is going to drive its way eastward, bringing rain, strong storms ahead of it and what you can expect point by point. eastern third of the country, pretty quiet, at least along the coast. it's the ohio valley, mid mississippi valley where you can have snow and rain. let's wrap it up and send it back to you. >> perfect. reynolds wolf, if you're just joiningous "worldwide exchange," these are your headlines. the boj increases asset purchases for the on ferd time since august. it could be announced today. brinksmanship continues as president obama threatens to veto john boehner's plan b for the fiscal cliff. >>> and russia's richest man, alisher usmanov was one of a group of early facebook investors who achieved spectacular returns. geoff cutmore asked mr. usmanov just what prompted him to make that investment in the first place. >> what i saw in facebook from the start was an attractive investment opportunity. i beli
northern michigan, he could see fairly significant snow, some places up to a foot or so. but that snow, that system which means so much to millions of americans is going to drive its way eastward, bringing rain, strong storms ahead of it and what you can expect point by point. eastern third of the country, pretty quiet, at least along the coast. it's the ohio valley, mid mississippi valley where you can have snow and rain. let's wrap it up and send it back to you. >> perfect. reynolds...
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. >> so consumer electronics, plastics, fabricated metals -- >> the president's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries twice. but if we can do those things we think manufacturing will start coming back. it's not going to really happen in a major way in '13. but you know, '14, '15, these benefits will start to accrue to the economy and if it looks like there's a real strong case for a pickup in earnings growth, in '14, then the market will start to price that in the backup of '13. >> we spend so much time talking about what's going to happen in washington over the next 20 days. it's nice to actually have a conversation about what will happen in the next twelve months. brarry, thank you so much. >> i had to force myself to do it. >> bar
. >> so consumer electronics, plastics, fabricated metals -- >> the president's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries...
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>> we're looking for university of michigan, and it should come out momentarily. 72.9. so 72.9 on university of michigan sentiment survey. of course, this is the december final. it's going to be comped to 74.5. but that's a little bit disingenuous. it really should be comped at 82.7. that was the final reit to last month. we definitely take a bit of a backup here. how does 72.9 fit in. we vice president been below 72 point 9 since july. it was 72.3. maybe a little bit of a disappointment. of course, last night's issue with the vote, obviously didn't make the survey. but it will make the survey of what the markets try to define for the rest of the day. back to you. >> all right. thank you, rick santelli. jim, you know, let's talk about what's on "mad" tonight. >> tipco is one of these stocks, there's a bunch of them, i mentioned red hat. these are companies, s.a.p., oracle, you bring them in and you save money. you go to harrah's, and it's put together by their team. you know when you go into amazon, david let's say you like books on gardening, the next thing i know it p
>> we're looking for university of michigan, and it should come out momentarily. 72.9. so 72.9 on university of michigan sentiment survey. of course, this is the december final. it's going to be comped to 74.5. but that's a little bit disingenuous. it really should be comped at 82.7. that was the final reit to last month. we definitely take a bit of a backup here. how does 72.9 fit in. we vice president been below 72 point 9 since july. it was 72.3. maybe a little bit of a disappointment....
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. >>> and michigan's governor makes history, turning a one-time union powerhouse
. >>> and michigan's governor makes history, turning a one-time union powerhouse
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on the michigan capital building today. they plan to protest a likely passage of a right to work law. the republican-controlled mission house will consider two and perhaps as many as three bills today that would prohibit unions from sourcing private sector workers and government employees to pay union dues. michigan would then become the 24th so-called right to work state. >>> and jpmorgan is jumping to first place in a u.s. customer satisfaction survey. its three biggest rivals, posting a decline in their scores, including perennial lead her wells fargo. but the index finds smaller banks and credit unions continue to record higher numbers than all large banks. >>> let's go to the futures pits now and talk to kevin ferry at cronus futures management. kevin. >> good morning, andrew. >> set up the week for us, if you could, sir. >> okay. well, interestingly, the political situation has kind of kept the fed on the back burner, because it's probably going to be one of the most important and open meeting that they've had -- we'v
on the michigan capital building today. they plan to protest a likely passage of a right to work law. the republican-controlled mission house will consider two and perhaps as many as three bills today that would prohibit unions from sourcing private sector workers and government employees to pay union dues. michigan would then become the 24th so-called right to work state. >>> and jpmorgan is jumping to first place in a u.s. customer satisfaction survey. its three biggest rivals,...
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chicago, michigan, all those midwestern states, now bracing for a big storm but come a little bit late. >> global warming. that's what people are saying. >> let's check in with bob pisani here on the floor this morning. bob, have you met snoopy yet? >> hey, no haven't met snoopy. everybody here distracted, i think a little news everyone is talking b try to answer issues, people want to know what is going on here. the deal reflectsed diminishing value of the stock trading business and the higher value of the derivatives business. when i say diminishing value, remember the nasdaq ice bid that happened in april 2011? 4253. today's deal, 3312. that's not lost with anybody. a higher p, market cap here. what is going to happen to the stock trading busy in know what they are saying what is really going to happen? a lot of the betting, they will spin off the european part of the cash equities business, retaint u.s. part. however, that does not mean that in the future, you couldn't having? happen. you couldn't spin it off, ipo it in the future, even having current management retain control of t
chicago, michigan, all those midwestern states, now bracing for a big storm but come a little bit late. >> global warming. that's what people are saying. >> let's check in with bob pisani here on the floor this morning. bob, have you met snoopy yet? >> hey, no haven't met snoopy. everybody here distracted, i think a little news everyone is talking b try to answer issues, people want to know what is going on here. the deal reflectsed diminishing value of the stock trading...
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they had rallied back after the university of michigan data. they were back at the morning's highs. people said, wait a minute. if it's a deal, wouldn't both of them be making a statement. it's something that you keep in the back of your mind. if you ever hear they're going to make a joint statement, the mashlt will probably take off, sensing that that's the deal. this morning they pulled back in anticipation of his speaking because he was speaking along and then they pulled back on his statement which seems edseemed progress so far. >> it might be a free pass. so many different variables. sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important.
they had rallied back after the university of michigan data. they were back at the morning's highs. people said, wait a minute. if it's a deal, wouldn't both of them be making a statement. it's something that you keep in the back of your mind. if you ever hear they're going to make a joint statement, the mashlt will probably take off, sensing that that's the deal. this morning they pulled back in anticipation of his speaking because he was speaking along and then they pulled back on his...
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joining us now from domino's headquarters in ann arbor, michigan, is domino's ceo patrick draw. patrick, are you -- can you do this? i really should recuse myself. i had -- >> he's already been eating the pea sxwap. >> and last night i ordered two pizzas and garlic bread. it was like $31, patrick. you guys are -- you're doing all right for yourself. i have to let becky do this interview because i'm bias. >> and did you deliver those pizzas? i don't think you did. i think we already did some -- how is pizza? you redid the menu. are you where you want to be in terms of the new menu and quality at dominos? >> yeah, we absolutely are. business has been great the last couple of years. you know, through the third quarter it was still strong this year. worry about europe a little bit. we've still held together there. that's the region of the world we worry about more than others. asia is still strong. latin america has held up pretty well. >> do you have plans to get any healthier? is that something -- i'm not saying you're not, but you know the way to political winds are blowing, you'
joining us now from domino's headquarters in ann arbor, michigan, is domino's ceo patrick draw. patrick, are you -- can you do this? i really should recuse myself. i had -- >> he's already been eating the pea sxwap. >> and last night i ordered two pizzas and garlic bread. it was like $31, patrick. you guys are -- you're doing all right for yourself. i have to let becky do this interview because i'm bias. >> and did you deliver those pizzas? i don't think you did. i think we...
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aspercreme. >>> we are back with steven moore and jackie calms, michigan in this sort of methodic, at least in terms of the political times right now t electric chur passes a right to work law in michigan, kind of at least one of the cradles of the union and it would mean that you wouldn't have to join a union, it would haven't to pay union dues, how did this happen? >> this just came out of the blue and the republicans just got their ducks in a row and they control the house and the senate and the governor ship in the senate, even though it's a state that barack obama carried. they got this through in the house and senate. it's a big deal, it's a poison pill for the eurounions, they h right to work. a lot of new businesses when they're looking at building new factories or building new plants, they won't even consider states that are not right to work. so much of the growth in this country is in the right to work states. so i think economically, if it passes, it will be probably tuesday or wednesday when we get a final vote on this, i think it puts michigan, a state with a 10%, 11% un
aspercreme. >>> we are back with steven moore and jackie calms, michigan in this sort of methodic, at least in terms of the political times right now t electric chur passes a right to work law in michigan, kind of at least one of the cradles of the union and it would mean that you wouldn't have to join a union, it would haven't to pay union dues, how did this happen? >> this just came out of the blue and the republicans just got their ducks in a row and they control the house and...
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right now, the legislature passes a right to work law in michigan. kind of, at least one of the cradles of union -- it would mean that you would not have to join a union. you would not have to pay union dues, how did this happen? >> it just came out of the blue and under the radar screen. republicans got their ducks together, they control the house, senate, and the governorship, even though it's a state that barack obama carried. they got this through in the house and senate, it's a big deal, a poiseen pill for the unions, they hate right to work. i think it's a smart move economically, a lot of new businesses, when looking at building new factories or plans, they will not even consider states that are right to work. so much of the growth in this country is in the right to work states. i think if it passes, and it will probably be tuesday or wednesday when we get a final vote on this, i think it puts michigan with a 10% or 11% unemployment rate, back on the map. >> and one of the highest union states in the country, did a lot to help reelect presiden
right now, the legislature passes a right to work law in michigan. kind of, at least one of the cradles of union -- it would mean that you would not have to join a union. you would not have to pay union dues, how did this happen? >> it just came out of the blue and under the radar screen. republicans got their ducks together, they control the house, senate, and the governorship, even though it's a state that barack obama carried. they got this through in the house and senate, it's a big...
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. >>> in michigan they're working to pass a right to work law. some workers in the state are not happy about one thing, and that's next. >>> you don't have to inbound front of a television to watch cnn, you can do it if your computer at work, go to cnn.com/tv. >>> this is a terrible story out of western pennsylvania. a little boy, 7 years old, shot to death in the parking lot of this gun store north of pittsburgh. police say the boy was buckling himself into a car seat when the pistol his father was handling in the front seat accidentally went off. can you imagine? the bullet hit the boy and he died at the scene. the father could face charges over this. authorities say he is beside himself. >> the father is traumatized and visibly shaken. it's -- experienced probably the worst tragedy anybody can go through is to take your own son's life. >> officers that talked to the father say he was not aware that his pistol was even loaded. >>> president barack obama visits union heavy michigan tomorrow, a state he won easily last month and now the center of
. >>> in michigan they're working to pass a right to work law. some workers in the state are not happy about one thing, and that's next. >>> you don't have to inbound front of a television to watch cnn, you can do it if your computer at work, go to cnn.com/tv. >>> this is a terrible story out of western pennsylvania. a little boy, 7 years old, shot to death in the parking lot of this gun store north of pittsburgh. police say the boy was buckling himself into a car...
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>> politically, of course, this could be a major blow to unions in michigan. last month, their voters rejected a referendum that would have made passage of this law unconstitutional. if that right to work law passes, union supporters are convinced pay and benefit could take a major dive. the latest bureau of labor statistics for 2011 put the median salary for full-time union workers at about $940 week compared to about $730 a week for nonunion workers. the head of the united auto workers not happy. >> the data and all the facts show that right to work is the right to work for less. >> susan, supporters including republicans led by gop governor rick snyder maintain that this bill will wind up helping the economy and not hurting it, right. >> that's right allison. the governor insists that the right to work bill will save jobs and increase salaries by not forcing union dues on workers. here's michigan governor rick snyder. >> to give freedom of choice to our workplace and that legislators move promptly and efficiently in moving it through the legislature and whe
>> politically, of course, this could be a major blow to unions in michigan. last month, their voters rejected a referendum that would have made passage of this law unconstitutional. if that right to work law passes, union supporters are convinced pay and benefit could take a major dive. the latest bureau of labor statistics for 2011 put the median salary for full-time union workers at about $940 week compared to about $730 a week for nonunion workers. the head of the united auto workers...
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. >>> president barack obama visits union heavy michigan tomorrow a state he won easily last month and now the center of new labor protests. it's close to passing a right to work law and that is not sitting well with workers in the state where organized labor was born. one of the biggest labor unions in the state is firmly against the law which limits the union's power. the republican governor says he will sign the bill if it hits his desk this week. >>> you know, it's been dubbed the fireball over texas. a bright light was seen streaking across the houston sky friday morning and for a few hours it was the walk of the town. debra wrigley of ktrk has the story. >> reporter: from a nasa camera, it looked like a bright light above the earth. these are from eyewitness viewers around the houston area. just as day was breaking a bright flash of light that some people thought was lightning. >> i was like i guess it's going to rain. >> reporter: it wasn't the weather and it was spotted all around texas. this map just a sampling of sightings in the houston area, and these are some of the pictur
. >>> president barack obama visits union heavy michigan tomorrow a state he won easily last month and now the center of new labor protests. it's close to passing a right to work law and that is not sitting well with workers in the state where organized labor was born. one of the biggest labor unions in the state is firmly against the law which limits the union's power. the republican governor says he will sign the bill if it hits his desk this week. >>> you know, it's been...
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. >>> president obama visits union-heavy michigan tomorrow. a state he won easily last month and now the center of new labor protests. the michigan legislature is close to passing a right to work law and that is not sitting well with workers in the state where organized labor was born. one of the biggest labor unions in the country, united auto workers, is firmly against the law which limits the unions' power. michigan's republican governor says he'll sign the bill if it hits his desk this week. >>> we heard from the boss of a radio station behind that london hospital prank. the joke apparently led to the suicide of a nurse who worked there. the australian network chairman calls the death truly tragic and says they're waiting for the full investigation to be complete. two australian deejays called the hospital impersonating british royals and managed to get personal information about prince william easily wife. the nurse who took the call was found dead two days later. the hospital says the deejays' prank was foolish. >>> it as decades-old ref
. >>> president obama visits union-heavy michigan tomorrow. a state he won easily last month and now the center of new labor protests. the michigan legislature is close to passing a right to work law and that is not sitting well with workers in the state where organized labor was born. one of the biggest labor unions in the country, united auto workers, is firmly against the law which limits the unions' power. michigan's republican governor says he'll sign the bill if it hits his desk...
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that's the idea that built michigan. that's the idea that is at the heart of the economic plan i've been talking about all year long on the campaign trail. i want to give more americans the chance to earn the skills, the businesses they're looking for right now. and give our kids the kind of education they need to succeed in the 21st century. i want to make sure america leads the world in research and technology, and clean energy. i want to put people back to work, rebuilding our roads and our bridges and our schools. that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has be
that's the idea that built michigan. that's the idea that is at the heart of the economic plan i've been talking about all year long on the campaign trail. i want to give more americans the chance to earn the skills, the businesses they're looking for right now. and give our kids the kind of education they need to succeed in the 21st century. i want to make sure america leads the world in research and technology, and clean energy. i want to put people back to work, rebuilding our roads and our...
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for a single 25-year-old in michigan who works full-time earning $30,000 a year going to school part-time, his tax rate would stay the same at 15%. but he would lose the american education tax credit and have to pay more than $600 in payroll taxes. and even though it's weeks before the changes would take effect the impact is already being felt because of uncertainty. 401(k) plans are taking a hit. companies are putting freezes on hiring. and the retail sector which makes most of its money in the final weeks of the year. black friday is over and people are just hoping it doesn't turn into bleak friday. >> trying to be penny wise and not dollar stupid. >> the national retail federation did a survey that 64% of americans are watching closely the negotiations in washington over the fiscal cliff and that a lot of consumers are taking a wait and see approach, reluctant to go on a spending spree. >>> okay, i know you've got them, you've got questions about the fiscal cliff, so get them to me by tweeting them to me at my handle at allisoncossack and we'll handle as many as we can during our 5:00
for a single 25-year-old in michigan who works full-time earning $30,000 a year going to school part-time, his tax rate would stay the same at 15%. but he would lose the american education tax credit and have to pay more than $600 in payroll taxes. and even though it's weeks before the changes would take effect the impact is already being felt because of uncertainty. 401(k) plans are taking a hit. companies are putting freezes on hiring. and the retail sector which makes most of its money in...
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cnn's alison kosik joins us live from lansing, michigan. alison, i know this was a surprise to some in michigan because governor rick snyder did a bit of an about face on this issue. >> reporter: and some are accusing the governor of really pushing this issue through the state house, and clearly they're not happy with it. you can see how unhappy those opposed to this bill are, just looking at the sheer number of demonstrators who came out last week and are expected to come out this week. thousands are expected to come out between today and tomorrow. president of one teachers union who we spoke with put it this way. she said, you know what, never in a million years did i ever think that michigan would ever become a right to work state, that michigan was built on unions, and you know what, she has a point there. unions have really been the backbone for workers in this state, especially when you look at the auto industry. 17.5% of the workers in this state are unionized. it's one of the highest rates in the country. and if this law passes, ted
cnn's alison kosik joins us live from lansing, michigan. alison, i know this was a surprise to some in michigan because governor rick snyder did a bit of an about face on this issue. >> reporter: and some are accusing the governor of really pushing this issue through the state house, and clearly they're not happy with it. you can see how unhappy those opposed to this bill are, just looking at the sheer number of demonstrators who came out last week and are expected to come out this week....
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just to make michigan competitive. it would be the 24th right to work state. >>> the man charged with shooting and killing trayvon martin is suing nbc. george zimmerman accusing the network of editing his 911 call to make him sound racist. three nbc employees have been fired for their role in producing the story. there have been claims because of the actions the public wrongly believes he used a racial slur while describing martin to the police dispatcher. >>> a woman rescued after had her ex-husband tried to seal her inside the attic. hear what he was doing when police burst in. >>> and is this for real? could the nfl be close to eliminating kickoffs? a former player joins us live to talk about it next. fpz time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude!
just to make michigan competitive. it would be the 24th right to work state. >>> the man charged with shooting and killing trayvon martin is suing nbc. george zimmerman accusing the network of editing his 911 call to make him sound racist. three nbc employees have been fired for their role in producing the story. there have been claims because of the actions the public wrongly believes he used a racial slur while describing martin to the police dispatcher. >>> a woman rescued...
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this is in detroit, michigan. he just stepped off of air force one and he's greeting folks on the tarmac. they're taking pictures. this is part of the campaign to reach out to the american people to make his case about the need to avoid going over the fiscal cliff and what his solution to that is. that would require that the top 2% of americans pay higher taxes. that is something he's been talking with republicans in congress about and believes is nonnegotiable. shaking hands there, and we're looking at the venue as well. that's where he's going to be speaking at the auto plant at the top of the hour. also saw the president last night at the christmas in washington charity concert in d.c. that event was hosted by conan o'brien and featured the legendary diana ross and psy, who was greeted by the president. the president did not attempt psy's signature dance, gangnam style. they were talking yesterday, but the president did suggest he thinks he can do it. he thinks he can do that dance. we're going to see if that a
this is in detroit, michigan. he just stepped off of air force one and he's greeting folks on the tarmac. they're taking pictures. this is part of the campaign to reach out to the american people to make his case about the need to avoid going over the fiscal cliff and what his solution to that is. that would require that the top 2% of americans pay higher taxes. that is something he's been talking with republicans in congress about and believes is nonnegotiable. shaking hands there, and we're...
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all quiet at the michigan state c capitol behind me. governor rick sniyder expected o sign this bill tomorrow, you can expect thousands of protesters between now and team it would ban contracts that require workers to join a union. to pay union dues. those in favor of the bill say what it would do is help the economy by saving jobs, bringing more work to michigan. even raising salaries by not forcing union dues on workers. those against the bill say that those benefits that they have now, those jobs that they have now, could take a major hit. obviously, huge political implications and we'll be watching to see how the action unfolds. >> allison kosik in lansing, michigan. where we expect huge protests over the next few days. >>> else where after taking a lot of heat for a hateful rap against u.s. soldiers, psy with the hit gangam style was spotted shaking hands with president obama over the weekend. psy performed at an event, and he apologized for the concert where he rapped with slowly and painfully killing u.s. military members and the
all quiet at the michigan state c capitol behind me. governor rick sniyder expected o sign this bill tomorrow, you can expect thousands of protesters between now and team it would ban contracts that require workers to join a union. to pay union dues. those in favor of the bill say what it would do is help the economy by saving jobs, bringing more work to michigan. even raising salaries by not forcing union dues on workers. those against the bill say that those benefits that they have now, those...
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. >>> some right to work opponents are expected to converge on michigan's capitol today. the protest is expected to swell to thousands tomorrow when the state house and senate will try to hammer out a final version which will make michigan the 24th right to work state. supporters say the legislation will spark economic growth and encourage fairness. opponents say it will lower wages and benefits and hurt the middle class and that strong unions built michigan's middle class. >> so fedex is bracing for the busiest day ever. ever. the company is expecting to handle 19 million packages today. that's 200 packs per second. the internet sales are booming and that is increasing volume by 10% over last year. >> i just ordered a ton last night. >> you're single-handedly responsible -- >> i'll be part of that. get it on time. that's all i say. the daring rescue of an american held in afghanistan comes at a very steep price. we're going to go live to the pentagon for more on the top secret mission. that's coming up. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day
. >>> some right to work opponents are expected to converge on michigan's capitol today. the protest is expected to swell to thousands tomorrow when the state house and senate will try to hammer out a final version which will make michigan the 24th right to work state. supporters say the legislation will spark economic growth and encourage fairness. opponents say it will lower wages and benefits and hurt the middle class and that strong unions built michigan's middle class. >> so...
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inouye long before they were both senators were in a military hospital for almost two years together in michigan while they were both recovering from their injuries from world war ii. two great friends. soledad back to you in newtown. >> my goodness and the story of what he did, what happened when he lost his arm and how he was able to save himself in world war ii, that is an incredible story. thanks, john, appreciate it. >>> the horror of newtown brings to mind so many other shootings, the assassination attempt on arizona congresswoman gabby give fords, january 8th of 2011 and left six people dead. among those wounded was ron barber, giffords district director. he took down when she stepped down. he won a full term last month. congressman barber thank you for being with us. >> good morning, thank you for having me on. >> it's my pleasure. what was it like to hear about this tragedy? it's not even been two years since the shooting that injured you and injured gabby giffords. does it just take you back to that day to almost two years ago? >> yes, it did, and it did for my whole family, particular
inouye long before they were both senators were in a military hospital for almost two years together in michigan while they were both recovering from their injuries from world war ii. two great friends. soledad back to you in newtown. >> my goodness and the story of what he did, what happened when he lost his arm and how he was able to save himself in world war ii, that is an incredible story. thanks, john, appreciate it. >>> the horror of newtown brings to mind so many other...
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just now, michigan's house of representatives passed a right to work law. the 52-58 vote with thousands of demonstrators who packed into the capitol building caused state police to lock it down. the right to work law will make michigan more competitor, says the governor, though representatives say it will result in lower pay. >>> and apple news to tell you about. apple ceo tim cook says his company will start building one of the computers in the u.s. next year. cnn's dan simon says the decision is a bit of a gamble because the u.s. made products may be more expensive. >> there are two ways of looking at it. you're using cheap labor in china. you're not going to have that in the united states, and also you're talking about adding infrastructure costs, how that might impact their bottom line remains to be seen, but tim cook made it clear this is not a financial move necessarily. this is a move to really bring back jobs to the united states and do something positive for the american economy. >> for now apple isn't saying which computer will be built in the u.s
just now, michigan's house of representatives passed a right to work law. the 52-58 vote with thousands of demonstrators who packed into the capitol building caused state police to lock it down. the right to work law will make michigan more competitor, says the governor, though representatives say it will result in lower pay. >>> and apple news to tell you about. apple ceo tim cook says his company will start building one of the computers in the u.s. next year. cnn's dan simon says the...